October's Downturn

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leo69Senior Member
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#1Mar 21, 2022, 03:04 AM
So it's October 31st, and that wraps up the month. For the third time in the last seven years, Bitcoin has dipped in October. Looking back at previous years, whenever October has been in the red, it usually bounces back with a green signal for a few years. But this year feels different. Still, I’m betting Bitcoin is gonna show some green in the upcoming Octobers. What do you all think about next October?
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dave_byteFull Member
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#2Mar 21, 2022, 07:09 AM
A red signal never occurs consecutively in October. We can speculate that the upcoming October will be a green signal. The market can change. We were initially optimistic at the beginning of October this year, eventually saw Bitcoin decline, although we also saw the price rebound briefly. Next month, we might see $115k again, followed by another correction.
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vault_alphaHero Member
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#3Mar 23, 2022, 04:40 PM
I had said it many times when I was fresh on Bitcointalk that Bitcoin cannot maintain the same pattern or history forever, there will be a time that things will start falling apart, good or bad. If we are sincere with ourselves, the ETF started a notable changes in its history, though positive, more is expected as Bitcoin ages. Going forward, we are entering into a bearish phase, or a supposed bearish phase, if the past histories are to be referenced. If this happens, then we should expect more bearishness than bullishness. Perhaps more deviation will happen this time to further buttress this thread's discussion.
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wildkingFull Member
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#4Mar 23, 2022, 05:07 PM
If the four years cycle continues,  it is possible to see two consecutive red October. Its a kind of disappointing to see that we ended this month in negative because I was expecting that October will end in positive so that November will be set for most rapid rise in price. The ending of October in red actually bring some doubts on what should be expected by the end of this year. The market is just good for continuous buying since the price is low.
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pixel2014Hero Member
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#5Mar 23, 2022, 05:18 PM
Anyone that make some predictions right now are only guessing, we should move towards that time before we should speculation about the price. Bitcoin was finally bearish in this October but it is worth knowing that bitcoin all-time high right now was in October 2025 which is something that is still very good. October 2025 was a great achievement.
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raven_protoFull Member
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#6Mar 23, 2022, 08:55 PM
Many people were expecting last month was Uptober, but it was actually dOwntober. 2 months left, it's either huge rise or down, now it's a good time to buy Bitcoin if someone want to earn quick profit even though it's not that much. ETFs trade volume in the last month was high, if ETFs was the problem, the volume would keep decrease from time to time. ETFs boost Bitcoin price suddenly, but the demand is still high https://www.theblock.co/data/etfs/bitcoin-etf/bitcoin-spot-etf-volumes
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hodler_gweiFull Member
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#7Mar 23, 2022, 09:18 PM
Yes, although the Uptober phenomenon could be considered a failure, as October is historically known as "Uptober" due to the average upward trend in Bitcoin prices in October. However, what we need to know, as you mentioned, is that Bitcoin prices rose significantly at the beginning of the month, reaching a new record high of $126,000. Then, midway through the month, Bitcoin prices experienced a sharp correction, rising slightly and then falling again. We can only speculate, but that's not necessarily accurate because Bitcoin prices are difficult to predict, especially considering things we don't know beforehand, like the 100% increase in US tariffs.
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guru365Full Member
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#8Mar 25, 2022, 04:01 AM
Things can go either way, Bitcoin can possibly rally to a new ATH, that is still possible, before it transitions to a bearish market.  For me Bitcoin delivers this October because it is during this month that it records a new ATH.  We cannot expect an exact pattern repeating itself all through out the history of trading, they may seem the same but there is variations.  And this October may be called another Uptober because of the market performance, but we cannot expect an exact pattern that happens year or years ago. That said, I still think the market is consolidating. Let's just see what awaits us in the last month of this year.
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alex2014Full Member
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#9Mar 25, 2022, 05:39 AM
What do you expect when you are dealing with volatile assets like bitcoin and other cryptocurrencies, we should know that the market is unpredictable so for that reason we need put things on place that can sustain us when the market foiled to go as predicted. The highest we can do when we come to bitcoin price predictions is that we guess using previous charts and market reactions. But the reality will always be different and that is why we often say that we hold the amount of bitcoin that will not put us under pressure when the price goes against our predictions.
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QuantumVectorFull Member
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#10Mar 25, 2022, 06:49 AM
You never can tell because that's the same way we thought this present month of October to be green. We get to see the other side of it, making us wonder what's next to see in the market, whether it's the bearish market or bull run that's next to see in these last two months of the year. Let's have our focus placed on this coming November and December because October next year will take care of itself, and we will be fine with whatever we see at that time.
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jake.seedFull Member
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#11Mar 25, 2022, 07:03 AM
Next October is one year from now and we can’t really say for sure what that month will look like. Next year by October, the bull run will be over and we would have already beginning to move into the bear season, so it’s worth noting that the outcome will be very hard to tell. The market has already changed form in this bull run, it didn’t follow the same pattern as we expected but it still performed well in this bull season. As we expected the rounding up of the bull cycle, optimism is still flying around that bitcoin bull run is not yet over and we should expect a new all time high again before we finally go into the bear market. October this year started well for bitcoin but we expected it’ll be closing with an higher price than what the market is closing with today. The overall performance of bitcoin this month can stills aid to be great and commendable.
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benledgerSenior Member
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#12Mar 25, 2022, 08:40 AM
Thats it exactly, a lot of us expected a Green October and quoted its nickname 'uptober'! But yes yet again its proven that past performance is not a guarantee for future results. At the same time we cant guarantee or shouldnt expect anything from November and December because literally anything is possible with the markets. For October gone I hope everyone was able to get some 'buy the dips' in? and if you fancied it took some profits on the highs?
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#13Mar 25, 2022, 11:36 AM
We all predicted and expected that Bitcoin would be green in October but we came to October and saw a big dumping of Bitcoin and Bitcoin was seen in red in October. But I don't have an accurate prediction about next October and I can't make an accurate prediction because what will happen next October, it is only possible to say when we start the year like this year. But since this October has been red in that case I just guess for next October it will be green.
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vault_alphaHero Member
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#14Mar 25, 2022, 03:38 PM
Do you know what will happen next year, what events will happen and impact bitcoin next October? If you do not know, please don’t make any statements or guarantees. The market is not what it used to be, it is being influenced and governed by the macroeconomic and geopolitical situation. Therefore, in my opinion, the market trend next year or October of the following years will be decided by the economic and geopolitical situation at that time. We can’t even predict whether Bitcoin will be green or red this November, so making predictions for next October or the distant future is meaningless.
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vault_alphaHero Member
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#15Mar 25, 2022, 09:35 PM
Are you kidding me? Did I mention that the ETF was the problem? I never said that, perhaps you should read my quote again, it was even straightforward enough. All I tried to explain was that Bitcoin couldn't perfectly obey history, there must be a deviation, and that is how it can show that it's dynamic. I then mentioned how the ETF caused a deviation, which  was in 2023, if its history is to be referenced. People should expect more deviation in the future.
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jakewolfFull Member
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#16Mar 26, 2022, 04:47 AM
There's a slight shift in the percentage figures. But it's not much different from the -3.69% you presented. From the final closing color for October 2025, I can tell that Bitcoin's monthly returns in October won't always be green. The same goes for November. Starting November at $109,574, Bitcoin doesn't always have to be two green boxes and two red boxes. I can't say what it will look like in the future.
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yield_hawkSenior Member
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#17Mar 26, 2022, 06:49 AM
I'll try to be devil's advocate here. What if October is the end of the bull run? Just like in 2021, wherein we reach $69k and we thought that it will continue. But suddenly in the next two months already ushered the bearish trend and it was confirmed in 2022. As the October cycle had chance, I think it's inevitable to prepare for the worst November-December.
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matrix2014Senior Member
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#18Mar 26, 2022, 12:22 PM
Well it's possible. We often heard Bitcoin price double from the last ATH after halving season. $126K isn't that far from $69K multiply by 2, as Bitcoin price is getting higher, we also have to put lower expectation if Bitcoin no longer able to double the price after halving season, it could be just 1.9x 1.8x and so on. If this month Bitcoin in red, December would be worst, so this month will be the answer.
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hodler_ha5hFull Member
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#19Mar 26, 2022, 01:22 PM
Then that could mean that the next Octobers are going to be green and to expect that, its percentage will be basing on the past month. So, if the bear market comes by next year and it will be up by that month then it will fulfill that table that it should have gone green. But the important month is today and the next one which will be December and the end of this year. Possible. But we'll see that confirmation not today or by next month but after a few more months and likely the Q1 of 2026.
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max.guruMember
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#20Mar 26, 2022, 03:51 PM
The bullish price action seen at the beginning of October has gradually calmed down and although I expected a bull run to start by the end of the month, Bitcoin price has remained at a steady level. I see this kind of price trend as a positive for Bitcoin future price growth. If its price were to unexpectedly fall further, investors would be in for a shock. The current price is expected to keep investors in an optimistic position and buying more. I think Bitcoin price will reach new highs in November and December. Michael Saylor Executive Chairman of Bitcoin top corporate holder MicroStrategy has predicted that Bitcoin price will exceed $150k by the end of the year. And popular American author Robert Kiyosaki has predicted that Bitcoin price could reach $200k. Source
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